Sony

Sony Computer Entertainment America has agreed to settle allegations it misled consumers about features of its PlayStation Vita handheld gaming console, the U.S. Federal Trade Commission said on Tuesday.

Japan's loss-making Sony Corp plans to slash its TV and mobile phone product line-ups to cut costs, counting on multibillion dollar revenue surges for its buoyant PlayStation 4 and image sensor businesses over the next three years.

Back in the deepest mists of antiquity, when video games came on cartridges and multiplayer gaming meant you and your friends battling for supremacy on the couch, game consoles didn’t evolve over time.